LPS: House Price Index increased 0.7% in June

Notes: I follow several house price indexes (Case-Shiller, CoreLogic, LPS, Zillow, FNC and more). The timing of different house prices indexes can be a little confusing. LPS uses June closings only (not a three month average like Case-Shiller or a weighted average like CoreLogic) and the LPS index is seasonally adjusted.

From LPS: U.S. Home Prices Up 0.7 Percent for the Month; Up 0.9 Percent for the Past Year

Lender Processing Services ... today released its latest LPS Home Price Index (HPI) report, based on June 2012 residential real estate transactions. The LPS HPI combines the company’s extensive property and loan-level databases to produce a repeat sales analysis of home prices as of their transaction dates every month for each of more than 15,500 U.S. ZIP codes. The LPS HPI represents the price of non-distressed sales by taking into account price discounts for REO and short sales.

The LPS index increased 0.7% in June (seasonally adjusted) and is up 4.0% this year, and up 0.9% year-over-year.

The LPS HPI is off 23.5% from the peak in June 2006.

Earlier:
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